Portugal (PRT) and Slovakia (SVK) Trade | The Observatory of Economic Complexity

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Portugal-Slovakia In 2022, Portugal exported $564M to Slovakia. The main products that Portugal exported to Slovakia are Motor vehicles; parts and accessories (8701 to 8705) ($86.6M), Revolution Counters ($73.1M), and Radio Receivers ($67.5M). During the last 27 years the exports of Portugal to Slovakia have increased at an annualized rate of 15.7%, from $11M in 1995 to $564M in 2022.

In 2020, Portugal exported services to Slovakia worth $6.85M, with Travel ($6.85M) being the largest in terms of value.

Slovakia-Portugal In 2022, Slovakia exported $313M to Portugal. The main products that Slovakia exported to Portugal were Cars ($103M), Video Displays ($42.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($29.4M). During the last 27 years the exports of Slovakia to Portugal have increased at an annualized rate of 13.5%, from $10.3M in 1995 to $313M in 2022.

In 2020, Slovakia exported services to Portugal worth $17.9M, with Other business services ($8.57M), Transportation ($4.45M), and Travel ($2.28M) being the largest in terms of value.

Comparison In 2022, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.3), and 41 in total exports ($110B).

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €39.3M and imported €29M from Slovakia, resulting in a positive trade balance of €10.3M. Between January 2023 and January 2024 the exports of Portugal have decreased by €-8.23M (-17.3%) from €47.5M to €39.3M, while imports increased by €7.87M (37.4%) from €21.1M to €29M.

Trade In January 2024, the top exports of Portugal to Slovakia were Optical, photo, & film equipment; medical... (€9.68M), Electrical machinery and electronics (€8.68M), Cars, tractors, trucks & parts thereof. (€8.14M), Furniture, bedding, lamps, & prefab buildings (€6.82M), and Rubber & articles thereof (€6.59M). In January 2024 the top imports of Portugal from Slovakia were Cars, tractors, trucks & parts thereof. (€10.1M), Electrical machinery and electronics (€4.14M), Rubber & articles thereof (€1.01M), Machinery, mechanical appliances, & parts (€960k), and Iron & steel (€730k).

Growth In January 2024, the decrease in Portugal's year-by-year exports to Slovakia was explained primarily by an decrease in product exports in Raw hides & skin (non-fur) (€-146k or -42%), Aluminum articles (€-135k or -23.9%), and Man-made filaments (€-110k or -97.6%). In January 2024, the increase in Portugal's year-by-year imports from Slovakia was explained primarily by an increase in product imports in Cars, tractors, trucks & parts thereof. (€2.14M or 26.9%), Glass & glassware (€474k or 210%), and Footwear (€165k or 57%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-8.23M(-17.3%)

IMPORT GROWTH (January 2023 - January 2024)€7.87M(37.4%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Slovakia and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $564M to Slovakia. The main products exported from Portugal to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($86.6M), Revolution Counters ($73.1M), and Radio Receivers ($67.5M). During the last 27 years the exports of Portugal to Slovakia have increased at an annualized rate of 15.7%, from $11M in 1995 to $564M in 2022.

In 2022, Slovakia exported $313M to Portugal. The main products exported from Slovakia to Portugal were Cars ($103M), Video Displays ($42.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($29.4M). During the last 27 years the exports of Slovakia to Portugal have increased at an annualized rate of 13.5%, from $10.3M in 1995 to $313M in 2022.

Exports from Portugal () to Slovakia () (2022)

Exports from Slovakia () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Slovakia
Top DestinationGermany$22.2B

This map shows whether countries import more from Portugal or Slovakia. Each country is colored based on the difference in imports they receive from Portugal and Slovakia or the difference in the growth in imports.

In 2021, countries that imported more from Portugal than Slovakia were Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

In 2021, countries that imported more from Slovakia than Portugal were Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

Difference in imports from Slovakia () and Portugal () (2022)

Comparative Advantage Portugal - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Portugal and Slovakia by product, considering products traded by both, Portugal and Slovakia.

During 2022, Portugal had a large net trade with Slovakia in the exports of Transportation ($128M), Machines ($114M), and Plastics and Rubbers ($82.5M).

During 2022, Slovakia had a large net trade with Portugal in the exports of Transportation ($133M), Machines ($89.3M), and Metals ($26.1M).

Service Trade

Bilateral Service Trade

Svk Year

Prt Year

In 2020, Portugal exported services to Slovakia worth $6.85M, with Travel ($6.85M) being the largest in terms of value.

In 2020, Slovakia exported services to Portugal worth $17.9M, with Other business services ($8.57M), Transportation ($4.45M), and Travel ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal () to Slovakia () (2020)

Services Exports from Slovakia () to Portugal () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Portugal has comparative advantage over Slovakia. Similarly, the more yellow a dot/product is, the more Slovakia has comparative advantage over Portugal.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Portugal () to Slovakia () (2022)

Exports from Slovakia () to Portugal () (2022)

Market Competitiveness

Difference in imports from Slovakia () and Portugal () (2022)

Comparative Advantage Portugal - Slovakia

Service Trade

Bilateral Service Trade

Services Exports from Portugal () to Slovakia () (2020)

Services Exports from Slovakia () to Portugal () (2020)

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Slovakia () (2022)

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